Determining The Structure Of Your Business Is A Crucial Decision
Selecting the proper structure for your business is a critical decision. Affecting tax, financial and operational matters, the right structure is a decision that must be made prior to the start of operations.
At Russell Mirkovich & Morrow, our attorneys have over three decades of experience in assisting with the business interests of the maritime and transportation industries. We utilize our state-of-the-art technology and cost-effective methods to efficiently guide you throughout the process.
How To Select The Right Entity For Your Business
Common legal structure choices include sole proprietorships, LLCs, partnerships and corporations. Each contains its own advantages and disadvantages. In determining the right selection for your business, we will consider:
- How to protect your personal assets
- The risk you and other partners are willing to undertake
- Tax consequences and implications of each option
- Your management style and structure
- Requirements to continually comply with California, federal and international law
The right selection for you will depend on the needs, goals and circumstances of your business. We will prioritize your short- and long-term goals throughout assisting with selecting and implementing the appropriate business structure.
Business Formation In Maritime And Transportation Industries
While we provide legal counseling for all businesses across California, we have exclusively focused on businesses within the maritime and transportation industries since 1989. We understand the challenges such industries can present and the advantage that an attorney experienced in both maritime or transportation law and business law can provide.
Business formation and other issues related to the start of your business may be at the forefront of your mind now. However, legal issues affecting your business are not always over once the business is up and running. Whether you face ongoing issues throughout the life span of your business or encounter a dispute, we value the opportunity to create an ongoing partnership with you.
Consult With A Lawyer
Business formation issues require sound, strategic legal counsel. We serve clients throughout Long Beach, greater Los Angeles and California. Learn how we can assist with your legal matters. Call us locally at 562-661-5709 or reach us toll-free at 877-712-3401. Contact us online to send us an email.